Are you curious what a good low cost business to start in 2022 might be? Explore this list of business ideas and you could start making an income within the next year…

1. Start a dropshipping business
2. Design and sell print-on-demand t-shirts
3. Launch your own book
4. Create digital products or online courses
5. Sell print-on-demand posters, greeting cards, and prints
6. Start a charitable business
7. Sell a service
8. Create an online fashion boutique
9. Sell handcrafted and homemade goods
10. Build an audience you can monetize
11. Start a pet business
12. Create a membership program
13. Join an affiliate marketing program

1. Become a virtual event planner
2. Start a landscaping business
3. Test app development
4. Offer child care
5. Start an online coffee shop
6. Become a handyman
7. Sell your photography
8. Become a social media management consultant
9. Start a beauty business
10. Housesitting and petsitting
11. Phone accessories
12. Sell subscription boxes
13. Invest in vending machines

• Over 20% of businesses fail in their first year and 60% within five years; so how do you give the people you help the best chance of succeeding?
• Statistics prove that business success increases by 40%.
• Almost 6 million SMEs were operating in the UK in 2020.
• In 2020, UK small businesses had a total income of £1.6 trillion.
• From 2000 to 2020, the business population increased by 72%.
• 15% of all UK SMEs are professional, scientific, and technical companies.
• In the UK, London has the most private sector businesses.
• 20% of small businesses fail in their first year.
• It is estimated that there are over 400 million SMEs worldwide.
• In 2020, micro-sized businesses employed over 4 million people.
• In 2020, small businesses made a turnover of £1.6 trillion.

• SMEs accounted for 61% of employment in 2020.
• In 2020, 4.6 million small businesses had no employees.
• From 2000 to 2020, the UK business population increased by 72%.
• MEs spend anywhere from £9,000 to £10,000 per month on Google advertising.
• 64% of SME owners turn to social media for business.
• From 2000 to 2020, the UK business population increased by 72%.
• In the last two years, the number of private sector businesses grew by 1.9%.
• Since 2000, the number of SMEs in the UK has increased by 73%.
• In 2020, 32.27% of small businesses were owned by women.
• The most female-dominated small business category is hair and beauty.

Register as a CIC ‘limited by shares’ if your CIC is more like a business. The owners will each hold shares, just as they would in a regular profit-making business. Each can have a number of shares, thereby defining the degree of control or ownership each holds. Each shareholder has as many votes as they have claims. They may also receive dividends.

Register as a CIC ‘limited by Guarantee’ if your CIC looks more like a charity. The directors can also be called trustees and will each commit to a cash guarantee to be paid if the company fails. The contract is usually set at just £1 each. Each trustee has one vote. Decisions by the committee of trustees/directors are made on a one-person-one-vote basis. No dividend can be paid. This format is more acceptable to most funding bodies.